BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, which includes the Binance Exchange, Binance Smart Chain, and other related products. Here are some key aspects of BNB:
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- *Usage*: BNB is used to pay fees on the Binance Exchange, participate in token sales, and access exclusive features.
- *Blockchain*: BNB operates on the Binance Smart Chain (BSC), a decentralized proof-of-stake (PoS) blockchain.
- *Supply*: The total supply of BNB is capped at 168,137,036 tokens.
- *Burn mechanism*: Binance conducts regular token burns, which reduce the circulating supply and help maintain a deflationary pressure on the token.
- *Partnerships*: BNB has partnerships with various projects, including decentralized finance (DeFi) protocols and gaming platforms.
- *Price*: The current price of BNB is around $300, with a market capitalization of over $45 billion.
Remember, cryptocurrency prices can be highly volatile, and prices may fluctuate rapidly.